Novartis, Alcon Report Growth In Second Quarter of 2018

Tuesday, July 24 2018 | 09 h 56 min | Financial News, News

Both Novartis and Alcon reported that their net sales grew by 5%, while Alcon’s core operating income grew 14%.

Alcon’s net sales were USD 1.8 billion, mainly driven by double digit growth in sales of IOLs and micro stents. Vision Care sales grew 1% overall, with double digit growth in Dailies Total and a decline in weekly/monthly lenses. Alcon’s results reflect the sixth consecutive quarter of net sales growth as a result of improved operations, innovation, and customer relationships.

Commenting on the results, Vas Narasimhan, CEO of Novartis, said: “We made significant progress this quarter to transform Novartis into a focused medicines company. We completed the Alcon strategic review, exited the OTC joint venture, and strengthened our innovation engine with the acquisition of AveXis. Operationally we delivered solid growth, with margins expanding and key growth drivers including Cosentyx delivering strong performance.”

Novartis recently announced it would be spinning off Alcon into an independent eye care device company.

Click here to read more

24-Month Study Data Support Efficacy of DOT Lenses in Young Children

SightGlass Vision has released 24-month clinical data showing that its DOT lenses reduced myopia progression by more than 1.00 diopter on average in young Chinese children.

Learn More

Canada’s First In-Lens Display AI Smart Glasses Enter the Optical Market Through Ming’s Optical Exclusive Partnership with Rokid

Ming’s Optical has been named the exclusive Canadian optical industry distributor for Rokid smart glasses, introducing AI smart glasses with in-lens display technology to the Canadian market.

The CAO Celebrates Vision Health Month with Online Campaign Encouraging Canadians to “GetEyeWise”

The Canadian Association of Optometrists is marking Vision Health Month with its GetEyeWise campaign, encouraging Canadians to make regular comprehensive eye exams part of their health routine.

Silmo Paris nouvelle image de marque 2026

SILMO Paris Highlights International Reach and Innovation Ahead of 2026 Edition

SILMO Paris says its 2026 edition will bring together international exhibitors, brands, and industry stakeholders as the optical sector continues to evolve through innovation and changing market dynamics.

Managing Multiple Practices

Explore the challenges of managing multiple optometry practices across provinces. Learn strategies for financial oversight, delegating to trusted teams, and overcoming imposter syndrome.

24-Month Study Data Support Efficacy of DOT Lenses in Young Children

SightGlass Vision has released 24-month clinical data showing that its DOT lenses reduced myopia progression by more than 1.00 diopter on average in young Chinese children.

Learn More

Canada’s First In-Lens Display AI Smart Glasses Enter the Optical Market Through Ming’s Optical Exclusive Partnership with Rokid

Ming’s Optical has been named the exclusive Canadian optical industry distributor for Rokid smart glasses, introducing AI smart glasses with in-lens display technology to the Canadian market.

The CAO Celebrates Vision Health Month with Online Campaign Encouraging Canadians to “GetEyeWise”

The Canadian Association of Optometrists is marking Vision Health Month with its GetEyeWise campaign, encouraging Canadians to make regular comprehensive eye exams part of their health routine.

SILMO Paris Highlights International Reach and Innovation Ahead of 2026 Edition

Managing Multiple Practices

Explore the challenges of managing multiple optometry practices across provinces. Learn strategies for financial oversight, delegating to trusted teams, and overcoming imposter syndrome.

24-Month Study Data Support Efficacy of DOT Lenses in Young Children

SightGlass Vision has released 24-month clinical data showing that its DOT lenses reduced myopia progression by more than 1.00 diopter on average in young Chinese children.

Learn More

Canada’s First In-Lens Display AI Smart Glasses Enter the Optical Market Through Ming’s Optical Exclusive Partnership with Rokid

Ming’s Optical has been named the exclusive Canadian optical industry distributor for Rokid smart glasses, introducing AI smart glasses with in-lens display technology to the Canadian market.

The CAO Celebrates Vision Health Month with Online Campaign Encouraging Canadians to “GetEyeWise”

The Canadian Association of Optometrists is marking Vision Health Month with its GetEyeWise campaign, encouraging Canadians to make regular comprehensive eye exams part of their health routine.

SILMO Paris Highlights International Reach and Innovation Ahead of 2026 Edition

Managing Multiple Practices

Explore the challenges of managing multiple optometry practices across provinces. Learn strategies for financial oversight, delegating to trusted teams, and overcoming imposter syndrome.

24-Month Study Data Support Efficacy of DOT Lenses in Young Children

SightGlass Vision has released 24-month clinical data showing that its DOT lenses reduced myopia progression by more than 1.00 diopter on average in young Chinese children.

Learn More

Canada’s First In-Lens Display AI Smart Glasses Enter the Optical Market Through Ming’s Optical Exclusive Partnership with Rokid

Ming’s Optical has been named the exclusive Canadian optical industry distributor for Rokid smart glasses, introducing AI smart glasses with in-lens display technology to the Canadian market.

Novartis, Alcon Report Growth In Second Quarter of 2018

Featured Posts